Boeing signs ten-year deal with HAL

New Delhi, 20 Dec, 2007 : Boeing has signed a 10-year agreement with India's state-run Hindustan Aeronautics Ltd or HAL for aerospace manufacturing in India worth more than $1 billion.

Under the agreement, Boeing and HAL will explore business opportunities aimed at transferring work packages to India with an initial value of 10-20 million dollars annually, increasing in size and complexity as business opportunities develop.